JANET YELLEN

The U.S. Treasury Department and China’s Ministry of Finance have launched a pair of economic working groups in an effort to ease tensions and deepen ties between the nations.

Britain’s Prince William and wealthy entrepreneurs Bill Gates and Michael Bloomberg promise hope to a warming world.

The Biden administration plans to increase scrutiny of the investment plans of foreign-owned companies operating in the United States.

Treasury Secretary Janet Yellen is facing growing skepticism from some leading rich and developing nations as the residual impact of sanctions against Russia is deepening divisions among the Group of 20 countries.

U.S. Commerce Secretary Gina Raimondo says she rebuffed an appeal by Chinese leaders to reduce U.S. export controls on technology with possible military uses.

Commerce Secretary Gina Raimondo says she and her Chinese counterpart agreed to exchange information on U.S. export controls that irk Beijing and set up a group to discuss other commercial issues.

Commerce Secretary Gina Raimondo is the latest member of President Joe Biden’s Cabinet to visit China as his administration tries to mend the deteriorating ties between the world’s two largest economies.

Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness.

The financial world is watching closely as Fitch Ratings downgraded the U.S. debt rating from a perfect AAA to an AA+ on Tuesday.

Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season and the agency plans to go completely paperless in 2025.

Asian stock markets have followed Wall Street lower after Fitch Ratings cut the United States government’s credit rating.

The French finance minister says he pressed Chinese leaders to open their markets wider to foreign companies.

U.S. Treasury Secretary Janet Yellen has told top Vietnamese officials that Washington considers building strong economic and security ties with Vietnam a priority.

Finance ministers from the Group of 20 nations meeting in India are set to address critical global economic challenges, including the threat posed by climate change and rising debt among low-income countries.

On the heels of a trip to Beijing, U.S. Treasury Secretary Janet Yellen is back in Asia for a series of Group of 20 finance minister meetings in India.

China is accusing the United States of militarizing outer space, a day after it protested the passage of a Navy P-8A Poseidon anti-submarine aircraft through the Taiwan Strait.

The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avoid budget cuts sought by Republicans who want to gut the agency.

U.S. Special Presidential Envoy for Climate John Kerry will travel to Beijing next week to discuss strategies for limiting global warming, amid a push by the world's two largest economies to reengage on multiple issues following a sharp decline in contacts.

Asian stock markets followed Wall Street higher Tuesday ahead of an update on U.S. consumer prices that traders hope will show inflation is easing, reducing the need for more interest rate hikes.

Treasury Secretary Janet Yellen says Washington will listen to Chinese complaints about security-related curbs on U.S. technology exports and might “respond to unintended consequences” as she ended a visit to Beijing aimed at reviving strained relations.

Treasury Secretary Janet Yellen has appealed to China not to let disagreements about trade and other irritants disrupt cooperation on climate change and other global challenges.

Taiwan's Defense Ministry says China has sent 13 aircraft and 6 vessels to airspace and waters around Taiwan as of early Saturday.

U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang are expressing hopes for better communication as Yellen appeals to Beijing not to let frustration over U.S. curbs on technology exports disrupt economic cooperation.

Treasury Secretary Janet Yellen is visiting Beijing as part of efforts to revive U.S.-Chinese relations that are at their lowest level in decades due to disputes over technology, security and other irritants.

Wall Street drifted to a mixed close after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher.

Treasury Secretary Janet Yellen plans to tell Chinese officials that Washington wants healthy economic competition but will defend trade curbs imposed by the U.S. on security grounds.

Asian shares have slipped after another decline on Wall Street, where hopes for an end to interest rate hikes have been dashed by strong economic data.

Asian stock markets are lower after a survey showed Chinese industrial activity weakening.

China has imposed export curbs on two metals used in computer chips and solar cells, expanding a squabble with Washington over high-tech trade ahead of Treasury Secretary Janet Yellen’s visit to Beijing this week.

Treasury Secretary Janet Yellen will travel to Beijing Thursday in an effort to thaw U.S.-China relations, a Treasury official said.

The French government says that Zambia has reached a deal with China and several other government creditors to restructure $6.3 billion in loans.

President Joe Biden is defending his harsh public comments on China, including calling President Xi Jinping a dictator.

Heads of state, finance leaders and activists are converging in Paris to seek ways to overhaul the International Monetary Fund and World Bank and help them weather a warmer and stormier world.

Two recent lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns.

A Republican attempt to expand work requirements for federal food aid in debt legislation moving through Congress would increase federal spending by $2.1 billion over 10 years — far from the cuts GOP lawmakers had envisioned.

After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have struck an agreement to avert a potentially devastating government default.

President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis.

After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have announced an “agreement in principle” to raise the nation’s debt ceiling and avoid a potentially catastrophic default.

Work requirements for federal food aid recipients have emerged as a final sticking point in negotiations over the looming debt crisis, even as President Joe Biden says a deal is “very close.”.

Treasury Secretary Janet Yellen has told Congress that the U.S. could default on its debt obligations by June 5 if lawmakers do not act in time to raise the federal debt ceiling.

Days from a deadline, President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal that could unlock a vote for lifting the nation’s debt ceiling.

With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation’s debt limit.

For all the concern over when the government might run out of money to cover all its bills, it turns out that no one can be absolutely sure exactly when the country faces a potential default — the dreaded “X-date.”.

House Republicans are pushing debt ceiling talks to the brink.

Asian stock markets have slid as the U.S. government creeps closer to a potentially disruptive default on its debt.

Politicians in Washington may be offering assurance that the government will figure out a way to avert default, but around the country, economic anxiety is rising and some people already are adjusting their routines.

President Joe Biden and House Speaker Kevin McCarthy are to meet face to face on Monday after a weekend of on again, off again negotiations over raising the nation’s debt ceiling.

President Joe Biden and House Speaker Kevin McCarthy have a pivotal meeting coming up on the impasse over the debt ceiling.

Leaders of the Group of Seven advanced economies are generally united in voicing concern about China.

All the hand-wringing over a potential government default if Congress doesn’t increase the national debt limit has conjured up images of past government shutdowns.

President Joe Biden will discuss the debt limit with House Speaker Kevin McCarthy and congressional leaders at the White House.

The Congressional Budget Office says this year’s projected federal budget deficit has jumped by $130 billion.

Financial leaders of the Group of Seven advanced economies are focusing on ways to fortify ever more complicated financial systems and supply chains during meetings in Japan ahead of a summit next week.

Treasury Secretary Janet Yellen says that in her personal opinion, the United States should adopt a different system for national finances that might forestall repeated standoffs with Congress over spending.

The financial leaders of the Group of Seven wealthy nations are meeting in Japan as a standoff over the U.S. debt ceiling looms as one of the biggest potential threats to the global economy.

Before President Joe Biden and congressional leaders can even try to avert an unprecedented U.S. government default, their initial challenge on Tuesday will be to agree on what exactly they’re talking about as they hold their first substantive meeting in months.

A union of government employees sued Treasury Secretary Janet Yellen and President Joe Biden to try to stop them from complying with the law that limits the government’s total debt, which the lawsuit contends is unconstitutional.

Treasury Secretary Janet Yellen says there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation’s $31 trillion-plus borrowing limit in the coming weeks.

That big infusion of cash that Congress approved last year to shape up the beleaguered IRS is having an unexpected side benefit.

Facing the risk of a government default as soon as June 1, President Joe Biden has invited the top four congressional leaders to a White House meeting for talks next week.

Treasury Secretary Janet Yellen has notified Congress that the U.S. could default on its debt as early as June 1, if legislators do not raise or suspend the nation’s borrowing authority before then and avert what could potentially become a global financial crisis.

Treasury Secretary Janet Yellen has struck a conciliatory tone while talking about strained U_S_-China relations, saying the nations “need to find a way to live together.”.

World Bank meetings in Washington were supposed to be a first step in a new era of affordable loans for developing nations hard hit by climate change.

The incoming president of the World Bank was born in India and had his early success in business there.

Ukraine’s president is renewing his call to confiscate Russian Central Bank assets held around the world and use them to help rebuild Ukraine.

The Internal Revenue Service’s new commissioner promises that with billions in new funding, the agency will be faster, more service-focused and tech- savvy and will provide “real-world improvements” to taxpayers.

President Joe Biden ventured to suburban Minneapolis on Monday to talk about factory jobs and contrast his agenda with “the last guy" who had his job.

Under pressure from the U.S. government, TikTok is now facing the music with the possibility of a nationwide ban if it defies a government order to sell to an American company — unless the popular social media app can convince a high-powered panel that its data security restructuring plan sufficiently guards against national security concerns.

Weeks after the failure of two banks, President Joe Biden is calling for independent regulatory agencies to impose tighter rules on the financial system.

Treasury Secretary Janet Yellen announced America’s commitment to enhancing corporate transparency along with some 20 other countries participating in this week's Summit for Democracy.

Massachusetts Democratic U.S. Sen. Elizabeth Warren has announced she will seek a third term in 2024.

Treasury Secretary Janet Yellen worked against the clock with other regulators, lawmakers and business leaders to come up with a plan that would prevent a full blown banking crisis.

Shares have fallen in Asia as worries over turmoil in the banking sector and the risks of recession overshadowed gains on Wall Street.

The battle between the U.S. and China over TikTok came into full view when the social media platform’s CEO testified before Congressional lawmakers.

Asian shares are higher after stocks rallied on Wall Street, including the banks most beaten down by the industry's crisis.

Asian shares are mostly lower after the Federal Reserve raised a key interest rate, while noting the end may be near for its economy-crunching rate hikes.

Treasury Secretary Janet Yellen says she's focused on stabilizing the U.S. banking system following regional bank failures in California and New York.

Treasury Secretary Janet Yellen is firmly reassuring Congress and the nation that the U.S. banking system remains sound.

Vice President Kamala Harris plans to travel to Africa at the end of March as the United States seeks to pitch itself as a better partner for the continent than China is.

The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring depositors at the failed financial institution that they would be able to access all of their money quickly.

U.S. Treasury Secretary Janet Yellen says her first visit to Ukraine underscores Washington's commitment to continuing its economic support for the country.

The Biden administration is declaring its solidarity with Ukraine by piling sweeping new sanctions on Moscow and approving a fresh $2 billion weapons package for Kyiv.

Tensions over Russia's war on Ukraine have flared at meetings of finance ministers and central bank chiefs in India.

Treasury Secretary Janet Yellen says the U.S. will push for tougher, better enforced sanctions against Russia and is hoping for a “fully funded" package of financial support for Ukraine.

A new estimate finds the U.S. could face an unprecedented default on its obligations as soon as early June if Congress does not act to lift the debt limit.

Top financial leaders from the Group of 20 leading economies are gathering in the south Indian technology hub of Bengaluru to tackle challenges to global growth and stability.

Treasury Secretary Janet Yellen will travel to India next week to attend Group of 20 finance minister meetings in Bengaluru and will address the global economic impacts of Russia’s invasion of Ukraine.

David Malpass is stepping down as president of the World Bank, four years after former President Donald Trump picked him to run the 189-nation agency.

Treasury Secretary Janet Yellen is warning that the U.S. faces “economic catastrophe” if Congress and the White House don’t take action to raise the federal debt limit.

U.S. Treasury Secretary Janet Yellen says industrialized countries in the Group of Seven are imposing a price cap on refined Russian oil products such as diesel and kerosene, as part of a coalition that includes Australia and a tentative agreement from the European Union.

The Treasury Department has announced plans to increase its borrowing during the first three months of 2023.

The Federal Reserve Board has denied a Wyoming cryptocurrency bank’s application for Federal Reserve System membership.

U.S. Treasury Secretary Janet Yellen watched Ford cars and pickup trucks being assembled at a plant in South Africa and cited it as an example of cooperation between Washington and Africa as she begins the Biden administration's big push to reengage with the continent.

U.S. Treasury Secretary Janet Yellen has used a tour of a wildlife park in South Africa to announce a joint initiative to combat wildlife trafficking and related criminal activities in both countries.

The Chinese government says the U.S. should stop pressuring it on debt relief for Zambia and focus on averting a government default at home with possible repercussions for the global economy.

U.S. Treasury Secretary Janet Yellen has visited sites in rural and urban Zambia to showcase Africa's potential to help solve the world's problems with food shortages.

U.S. Treasury Secretary Janet Yellen says in a letter to congressional leaders that she's suspending the reinvestment of federal bonds in a government workers’ savings plan.

U.S. Treasury Secretary Janet Yellen says on the second leg on her African tour it's “critically important” to address Zambia's debt crisis.

The U.S. ambassador to the United Nations is the second Cabinet member heading to Africa as part of President Joe Biden’s big push to engage with the world’s second-largest continent.

U.S. Treasury Secretary Janet Yellen says in an Associated Press interview that she expects Congress will ultimately vote to raise America's debt limit.